Thailand's competitiveness ranking in 2015 dropped to 30th out of 61 countries, down from 29th in 2014 and 27th in 2013. Isara Vongkusolkit, chairman of the Thai Chamber of Commerce, said the business sector would soon come up with a new proposal to raise Thailand's competitiveness. "To comply with the National Strategy, Thailand needs to have GDP growth averaging 4% per year from now on. The plan will run in tandem with the 20-year National Strategy, which is a bigger framework for national development. NESDB secretary-general Porametee Vimolsiri told the conference that the 12th National Economic and Social Development Plan (2017-21) would focus on strengthening Thailand's competitiveness.

Source: Bangkok Post July 14, 2016 21:00 UTC